SME IPO List 2026 — GMP, Subscription & Listing
Track all Small and Medium Enterprise (SME) IPOs in India for 2026. SME IPOs are listed on NSE Emerge or BSE SME platforms and offer high-growth investment opportunities, though with higher risk compared to mainboard IPOs.
| IPO Name | Type | IPO Dates | Price (INR) | Status |
|---|---|---|---|---|
| ▶ Emiac Technologies IPO | SME | 27 – 08 Apr | 93 | 🔥 Hot |
| ▶ PropShare Celestia SM REIT IPO | MAINBOARD | 10 – 16 Apr | 1,000,000 | Upcoming |
| ▶ Safety Controls IPO | SME | 06 – 08 Apr | 75 | Upcoming |
| ▶ Acetech E-Commerce IPO | SME | 27 – 04 Mar | 106 | Upcoming |
| ▶ Striders Impex IPO | SME | 26 – 02 Mar | 71 | Upcoming |
| ▶ Yaap Digital IPO | SME | 25 – 27 Feb | 138 | Upcoming |
| ▶ Kiaasa Retail IPO | SME | 23 – 25 Feb | 121 | Upcoming |
| ▶ Accord Transformer IPO | SME | 23 – 25 Feb | 43 | Upcoming |
| ▶ Mobilise App IPO | SME | 23 – 25 Feb | 75 | Upcoming |
| ▶ Manilam Industries IPO | SME | 20 – 24 Feb | 65 | Upcoming |
| ▶ Yashhtej Industries IPO | SME | 18 – 20 Feb | 110 | Upcoming |
| ▶ Fractal Industries IPO | SME | 16 – 18 Feb | 205 | Upcoming |
| ▶ Amir Chand Jagdish Kumar (Exports) Limited IPO | MAINBOARD | 24 – 27 Mar | 201 – 212 | Closed |
| ▶ Rajputana Stainless Limited-Special Withdrawal Option IPO | MAINBOARD | 12 – 16 Mar | 116 – 122 | Closed |
| ▶ Aeroplane Basmati Rice IPO | MAINBOARD | 24 – 27 Mar | 201 | Listed |
| ▶ Highness Microelectronics IPO | SME | 24 – 27 Mar | 114 | Listed |
| ▶ Tipco Engineering IPO | SME | 23 – 25 Mar | 84 | Listed |
| ▶ Speciality Medicines IPO | SME | 20 – 24 Mar | 117 | Listed |
| ▶ Novus Loyalty IPO | SME | 17 – 20 Mar | 139 | Listed |
| ▶ Apsis Aerocom IPO | SME | 11 – 13 Mar | 104 | Listed |
| ▶ Raajmarg Infra InvIT IPO | MAINBOARD | 11 – 13 Mar | 99 | Listed |
| ▶ Innovision IPO | MAINBOARD | 10 – 17 Mar | 521 | Listed |
| ▶ Rajputana Stainless IPO | MAINBOARD | 09 – 11 Mar | 116 | Listed |
| ▶ Srinibas Pradhan Constructions IPO | SME | 06 – 10 Mar | 91 | Listed |
| ▶ Elfin Agro India IPO | SME | 05 – 09 Mar | 47 | Listed |
| ▶ Sedemac Mechatronics IPO | MAINBOARD | 04 – 06 Mar | 1,287 | Listed |
What is an SME IPO?
SME IPOs are initial public offerings by small and medium enterprises listed on dedicated SME platforms — NSE Emerge and BSE SME. These companies typically have smaller issue sizes (below ₹10 crore) and are in early growth stages.
SME IPO vs Mainboard IPO — Key Differences
- Minimum Investment: SME IPOs require ₹1,00,000+ minimum (vs ₹14,000-15,000 for mainboard)
- Lot Size: Larger lots (800-2000 shares) compared to mainboard (13-40 shares)
- Listing Timeline: T+6 days after close (vs T+3 for mainboard)
- Liquidity: Lower trading volumes post-listing
- Risk: Higher risk due to limited operating history and smaller company size
- Returns: Potentially higher returns — many SME IPOs have given 100%+ listing gains
Tips for SME IPO Investors
- Only invest money you can afford to lose — SME IPOs are high-risk
- Check the company’s financial track record before applying
- Look at the lead manager’s reputation — better lead managers indicate quality
- Monitor subscription data — high subscription (especially NII) is a positive signal
- SEBI recommends only well-informed investors participate in SME IPOs
Frequently Asked Questions
Can retail investors apply for SME IPOs?
Yes, but the minimum application amount is typically ₹1,00,000 or more (1 lot). This is significantly higher than mainboard IPOs where minimum investment is ₹14,000-15,000.
Are SME IPOs riskier than mainboard IPOs?
Yes. SME companies have shorter operating histories, smaller revenues, and lower post-listing liquidity. However, successful SME IPOs can deliver significantly higher returns than mainboard listings.